Sale of Hornsea 2 transmission assets

Energy Disrupter

Wind Energy – Transmission Assets

Breesea, Soundmark Wind, and Sonningmay Wind, a joint venture owned by Ørsted (50 %) and AXA IM Alts and Crédit Agricole Assurances (CAA) (jointly 50 %), today announced that they have signed an agreement on the sale of their transmission assets to Diamond Transmission Partners Hornsea Two (DTP).

DTP is a partnership between Diamond Transmission Corporation and HICL Infrastructure PLC.

The divestment takes place in accordance with the offshore transmission owner (OFTO) regime. In September 2022, following a competitive tender, Ofgem selected DTP as preferred bidder for the offshore transmission licence for the Hornsea 2 Offshore Wind Farm.

The transmission assets include the onshore substation, export cables, the offshore reactive compensation substation (RCS) and the offshore substation and have been assessed by Ofgem at a value of GBP 1.141 billion.

Ørsted will provide DTP with operations and maintenance services for the transmission assets under a long-term agreement.

Original Source: https://ocean-energyresources.com/2023/07/21/sale-of-hornsea-2-transmission-assets/